A global technology leader is planting its headquarters in Raleigh, bringing high-paying jobs and signaling long-term confidence in the Triangle’s economic and real estate future.
Project at a Glance
- Company: Ralliant (formerly Fortive Precision Technologies)
- CEO: Tami Newcombe
- New Investment: $2.1 million
- New Jobs: 180 high-paying tech positions
- Location: Raleigh, Wake County, NC
- Project Type: New U.S. headquarters
Why Raleigh?
For CEO Tami Newcombe, this move is personal. A Raleigh native and NC State graduate, Newcombe’s decision to anchor Ralliant’s headquarters in the Triangle speaks to more than just sentiment. In her own words, Raleigh offers “unmatched access to talent,” especially in engineering, software, and advanced technology.
But the data backs her up: Raleigh was recently named one of the top five metros for tech by CompTIA, and the city continues to attract both corporate headquarters and skilled professionals. Wake County’s robust infrastructure, major research universities, and expanding innovation economy made it a compelling choice.
Strategic Incentives and Public-Private Partnership
Ralliant’s move to Raleigh didn’t happen by accident—it was the result of strategic collaboration between state and local partners committed to economic growth. To support the company’s $2.1 million investment and 180 high-paying jobs, the state approved a 12-year Job Development Investment Grant (JDIG) that could total up to $2.63 million in performance-based incentives.
The decision was backed by a broad coalition of leaders and agencies:
- Governor Josh Stein and Secretary of Commerce Lee Lilley championed the project at the state level, highlighting Raleigh’s tech talent and quality of life.
- The North Carolina Department of Commerce and the Economic Development Partnership of North Carolina (EDPNC) provided essential guidance through the site selection and incentive process.
- Local support came from Wake County, the City of Raleigh, and the Greater Raleigh Chamber of Commerce, with direct involvement from Wake County Economic Development and Raleigh Economic Development teams.
- Educational institutions including NC State University and Wake Technical Community College were recognized for helping create a sustainable talent pipeline.
- The North Carolina General Assembly, Senator Jay Chaudhuri, and Representative Tim Longest were also acknowledged for their role in aligning public policy with private-sector needs.
Together, this public-private alignment helped ensure that Ralliant’s headquarters decision would be a long-term win for the region—and a model for future economic development success.
Economic Ripple Effects
Ralliant’s decision is about more than one company. With 180 high-paying jobs and a capital investment of $2.1 million, this move will drive growth across the local economy:
- Workforce Housing Demand: High-earning engineers and tech professionals relocating to Raleigh will increase demand for quality apartments and single-family homes, particularly near job hubs and transit corridors.
- Neighborhood Retail Growth: As Raleigh’s tech cluster grows, so will the need for vibrant shopping centers, local services, and walkable amenities—further fueling the region’s retail and mixed-use development.
- Office-to-HQ Conversion Momentum: Ralliant’s move adds to a growing trend of corporate HQs repurposing or upgrading office space for long-term use, which has positive implications for commercial real estate stability in the Triangle.
What It Means for Investors
This investment reaffirms what real estate investors already know: Raleigh isn’t just growing—it’s evolving into a national technology leader. For investors in multifamily housing and neighborhood shopping centers, Wake County presents a compelling case:
- Strong population and income growth
- Continued corporate investment
- National tech recognition
- Stable policy environment and workforce pipeline
At NC Capital Group, we see this as another signal that Raleigh’s future is bright—and that well-located, cash-flowing real estate in the Triangle is positioned to benefit for years to come.
Sources
- Triangle Business Journal – CEO Tami Newcombe Brings Ralliant HQ to Raleigh
- NC Governor’s Office – Ralliant HQ Announcement in Wake County
Doug Kline, PhD, has held income properties in North Carolina for more than 20 years. He holds a North Carolina broker’s license, and is a member of the National Association of Realtors and the Triangle Real Estate Investors Association. He holds an MBA and a PhD in business. In addition to his real estate activities, Doug enjoyed a successful career in academia, achieving the rank of Full Professor in the Cameron School of Business at UNC Wilmington. He was honored with research and teaching awards, served as Director of the MS Computer Science and Information Systems program, and was awarded the endowed position Distinguished Professor of Information Systems.